The ins and outs of takaful insurance

Takaful insurance has witnessed a remarkable rise throughout Southeast Asia in recent times. On a global scale, the takaful insurance market is worth an estimated US$55 billion and is expected to grow by a further 14% between 2022 and 2028.But, what is takaful insurance? How is it different to traditional insurance products? Is it likely to emerge in the Australian insurance space?To discuss these questions and more, actuaries and takaful experts Peter Tan (Chief Operating Officer, RGA – Asia) and Aiza Benyamin (Partner, Actuarial Partners Consulting) join Yan Sun (Head of Solutions, Resolution Life) on the Actuaries Institute Podcast.TRANSCRIPT: https://80.211.53.10/download-ticket?ticketId=7c8b813c-8ced-46ba-86fb-cdf28bd28803ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst